Startup Funding Espresso -- What to Do After the Raise

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

After the fundraise is complete, wrap up the current raise by doing the following:

1. Thank those investors who helped you, as many of your contacts made introductions, offered advice, and more.
2. Also, thank team members, friends, colleagues, and providers who assisted you. 
3. Close up the due diligence box and store it where you can find it next time. That way you only need to update it, rather than build it again from scratch. The same goes for your investor documents such as the pitch deck.
4. If this is your first fundraise, you may want to set up a service for your Cap Table and use it to keep track of the ownership shares going forward.
5. Finally, set up a process for how you’re going to keep the investors up to date on your progress. If you have already agreed upon a format such as email or conference call and frequency, then you can set up a template for the scheduled updates.
6. Also, calendar the investor calls/meetings for the next 12 months with a save-the-date notice 3 months in advance.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.
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